Five members of a credit card fraud syndicate that involved 16 cases of fraud of HK$5.7 million were arrested.
The police operation, which launched between May to August this year after the force received 16 reports of credit card theft, led to four men and one woman aged 25 to 38 arrested on September 20.
According to the preliminary investigation, the five arrestees included the leader and core members of the syndicate. They stole over 30 credit cards from victims in venues such as restaurants, sports grounds and clubhouse changing rooms.
"Suspects used these cards to purchase watches, jewellery, and electronic stuff for reselling," said Kwok Kin-lok, Senior Inspector of the police's Crime Commercial Bureau.
The syndicate also uses some victims' identities to apply for new credit cards or create bank accounts for money laundering, said the officer.
Police seized some of the stolen credit cards and properties during the operation. Further investigation is underway.
According to the preliminary investigation, the five arrestees included the leader and core members of the syndicate. They stole over 30 credit cards from victims in venues such as restaurants, sports grounds and clubhouse changing rooms.
"Suspects used these cards to purchase watches, jewellery, and electronic stuff for reselling," said Kwok Kin-lok, Senior Inspector of the police's Crime Commercial Bureau.
The syndicate also uses some victims' identities to apply for new credit cards or create bank accounts for money laundering, said the officer.
Police seized some of the stolen credit cards and properties during the operation. Further investigation is underway.